Life Sciences
Life Sciences
The life sciences industry encompasses some of the most innovative and regulated fields in the world, including biotechnology, pharmaceuticals, medical research, and clinical trials. These organisations face elevated exposure to intellectual property disputes, product liability, data privacy risks, and regulatory scrutiny.
At Angelic Insurance, we provide general advice to help life sciences businesses explore suitable cover options such as professional indemnity, product liability, cyber liability, clinical trial insurance, and management liability. We work with trusted Australian insurers to help you compare policies that reflect the complexities and compliance demands of your operations.
Whether you're a start-up biotech firm, a medical device company, or a university-affiliated research group, we help you find coverage options that protect your mission, innovation, and team.
Why Choose Angelic Insurance?
In life sciences, risk is tightly linked to both progress and precision. Angelic Insurance helps ensure your business is protected as you navigate growth and regulation:
Cover for Startups, Research Bodies, and Manufacturers
We assist early-stage ventures, research labs, pharmaceutical developers, and medical device firms in exploring policies aligned with their lifecycle, funding stage, and risk exposure.
Product and Clinical Trial Liability Awareness
If a participant suffers harm or a product causes adverse effects, your organisation could be held liable. We help review cover that addresses these risks.
Cyber Protection for Sensitive Health Data
Whether you manage patient data, genomic information, or proprietary research, we help you consider cyber liability options that protect your digital assets and integrity.
Regulatory Support and Documentation
We support you in finding cover that aligns with TGA, ethics committee, or government grant requirements, helping you move forward with confidence.
IP and Management Liability Cover
We guide you in exploring options that protect against legal costs tied to IP disputes, board-level decisions, or investor relations.
Industry Challenges
Without tailored insurance, life sciences organisations may face major operational and legal risks, including:
Clinical Trial Injuries
If a trial participant experiences side effects or injury, your organisation may face significant compensation and legal costs.
Regulatory Non-Compliance
Missing required insurance for trials or manufacturing stages can lead to halted studies, licence loss, or reputational damage.
Intellectual Property Claims
With competitive R&D pipelines, IP disputes over patent use or licensing can cost millions in legal fees. Insurance may help cover defence costs.
Cybersecurity and Data Breaches
Data breaches affecting patient health records or research findings can lead to privacy violations and disrupt clinical timelines.
Leadership and Governance Disputes
Investor pressure, boardroom conflict, or shareholder claims can threaten leadership stability. Management liability cover can help navigate these challenges.
Frequently Asked Questions
Coverage includes biotech firms, medical devices, and research institutions.
Yes, Clinical Trials Liability Insurance is available.
Yes, tailored IP protection is provided.
Yes, Machinery Breakdown Insurance applies.
Yes, through Workers' Compensation Insurance.
Yes, for medical devices and biotech products.
Yes, property coverage includes labs and contents.
Angelic Insights
